In a significant development in the cryptocurrency industry, Binance, the world’s largest cryptocurrency exchange, has been charged with securities violations by the U.S. Securities and Exchange Commission (SEC). However, this move has been met with strong support from other prominent…
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Crypto Clarity Sought in New Bill
Congressmen Tom Emmer and Darren Soto have introduced the Securities Clarity Act. The bill seeks to clarify the classification of digital assets. It aims to exclude investment contract assets from the definition of security. It will also provide certainty for…
Crypto as a Right Proposed in a Progressive Texas Resolution
Texas will probably be one of the safest U.S. states for the crypto industry in the future. A new bill was introduced in the Texas House of Representatives that seeks to extend the Bill of Rights to digital currencies. This…
CBDC Faces Big Roadblock in the Good State of North Carolina
Central Bank Digital Currencies (CBDCs) are not welcomed in the State of North Carolina. This is the message of the State’s House of Representatives. Legislation was passed that aims to stop the use of CBDC as a payment to the…
Crypto Mining Tax Gets Strong Rejection from Presidential Contender
The crypto industry has faced a gauntlet of challenges, and it seems like the ordeal is not yet over. The Biden administration aims to add a thirty percent tax on electricity consumed by crypto miners. This new measure is supposed…
Crypto Finds Strong Support from Members of Congress
The crypto industry has gone through a lot of challenges. The bear market dragged its total market cap from $3 Trillion to around $700 million. To make matters, worst government regulators made it hard for crypto projects to do business…
Texas Introduces Crypto Protection Bill: Ensuring Consumer Fund Security and Transparency in Exchanges
Texas Rep. Giovanni Capriglione has filed House Bill 1666, aiming to protect consumers investing in digital assets like cryptocurrencies. The bill mandates that digital asset exchanges verify they have adequate funds in reserve to pay customers upon request while prohibiting…
Revolutionary: EU Parliament Approves Comprehensive Crypto Regulation – MiCA Act
The European Union Parliament has approved the world’s first comprehensive package of rules aimed at regulating the cryptocurrency industry. The Markets in Crypto Act (MiCA) seeks to reduce risks for consumers buying crypto assets by holding providers liable if they…
Gensler Receives Powerful Lashes from Congress Majority Whip
Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), has been reprimanded by House Majority Whip Tom Emmer for the former’s incompetence in handling the crypto industry. The congressman commented that the actions of the SEC have forced crypto…
Crypto Just Found Powerful Allies in Congress, Gensler Under Fire
Members of the U.S. Congress grilled the Securities and Exchange Commission (SEC) Chairman Gary Gensler for missteps in the agency’s handling of digital assets. The SEC chair was admonished for the lack of clarity in regulating the crypto space. This…